India’s leading electric two-wheeler company Hero Electric, and the Mahindra Group are partnering to strengthen joint development and manufacturing.
As part of the partnership, Mahindra Group will manufacture Hero Electric’s popular electric bikes – Optima & NYX at their Pithampur plant to meet the market’s growing demands. With this collaboration and the expansion of their existing facility, Hero will be able to meet its demand of manufacturing over 1 million electric vehicles per year by 2022.
The partnership will also see both the companies make the most out of each other’s deep knowledge of EVs and drive new product development in the next few years.
As per the report, the partnership will be critical in developing the platform approach to help electrification of the
Mahindra owned, Peugeot Motocycles’ portfolio. Peugeot Motocycles has ambitious plans in the EV mobility space in several regions of the world and particularly in Europe. As per the reports, the two companies will create a seamless channel of communication to aid knowledge sharing among the R&D teams to build new products and technologies.